Concept information
Preferred term
flexibility mechanisms
Definition
- Flexibility Mechanisms (also called Flexible Mechanisms) most commonly refer to three policy features of the 1997 Kyoto Protocol, which aim to increase the cost-effectiveness of global greenhouse gas (GHG) abatement efforts. The Clean Development Mechanism (CDM), and Joint Implementation (JI) are project-based mechanisms that permit an Annex I donor country to fund GHG-abatement projects in a host country and then claim emission reductions toward their domestic Kyoto commitments. [Source: Encyclopedia of Global Warming & Climate Change; Flexibility Mechanisms]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/flexibility_mechanisms
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